Carter Bank & Trust VISA® Debit Card is a great way to manage your business expenses.
The Many Ways to Pay Using Your Debit Card
Today, there are more ways than ever to use your Carter Bank & Trust debit card to pay for goods and services. The one you choose often depends on where you are shopping, dining or conducting business and your readiness to embrace technology that is designed to create faster and safer transactions for you.
- If a merchant’s terminal supports contactless payments, you have the option to use your digital wallet from your mobile device or “tap and go” to use your card without the traditional swipe or chip insert.
- If a merchant’s terminal does not support contactless payments, your Carter Bank & Trust debit card with contactless chip technology will continue to support the traditional swipe and chip insert.
More about Your Contactless Payments
In simple terms, a digital wallet is an electronic version of your physical wallet you carry. It stores your payment information in an online account. When you are making a purchase, you can use your digital wallet from your mobile device to provide information instead of presenting the card each time.
Here is how it works. If you decide to add your card account number to a mobile device or digital wallet, our debit card provider, Visa, will issue a “token” or digital account number behind the scenes. Then when you initiate transactions with a mobile device, using this “token” or digital account number, not your debit card number, will be used to process the transaction, just like a traditional debit card payment. Because the “token” doesn’t carry your debit card number, you are less likely to become a victim of fraudulent activity.
“Tap and Go”
Instead of swiping your card or inserting your card’s chip into a merchant’s terminal, you simply tap a terminal and go. “Tap and go” eliminates the wear and tear on your debit card due to excessive swiping and inserting of your card in merchant terminals. It also can be safer and more secure than swiping and insert of chip. For example, it reduces the chances of dishonest merchant employees stealing your card’s magnetic-strip through “skimming,” – the practice of fraudulently procuring card data.
With your Carter Bank and Trust Visa® Debit Card, you can make daily business purchases and cash withdrawals and link your business checking account, giving you a great way to manage your expenses.
- No Annual Fee
- Zero Liability Protection
Free Additional Benefits Provided with your Visa® Debit Card:
- Auto Rental Collision Damage Waiver
- Purchase Security
- Extended Warranty Protection
- Travel Emergency Assistance Services
Debit Card Fraud Alerts
Carter Bank & Trust’s Debit Card gives you a convenient, safer alternative to using cash and checks. With our debit card fraud monitoring notification system, we monitor card transactions 24/7 for suspicious activity; and when warranted offer two types of alert notifications, phone calls and text messages.
- Automated fraud alert phone call from 800.279.2674 upon detection.
- When alert call is received, prompts for action given, including the option to speak with a person.
- No required enrollment. Automated calls are sent automatically upon fraud detection.
Learn more about using your Visa® Debit Card with contactless payments.
A contactless payment uses short-range wireless technology to make a secure payment between a contactless card or payment-enabled device and a contactless-enabled checkout terminal. When you tap your card or hold your device near the checkout terminal, your payment is sent for authorization.
It works best when your contactless card or device is held flat over the checkout terminal. While tapping is optional, your card or device just needs to be within 1-2 inches of the checkout terminal card reader.
Contactless payments make shopping fast and easy. Making them ideal for quick shopping experiences at places like restaurants, grocery stores, and more.
Contactless payments are secure because just like a chip card, each transaction is accompanied by a one-time code that protects your payment information.
Contactless payments provide an electronic record of your purchases and give you all the functionality of a Visa card, so you can add a tip and even get cash back (where available).